Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks ended lower on Monday as risk-averse investors continued to dominate the market, selling off to protect their funds.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), decreased by 53.47 points to settle at 5,330.
Investors continued to dominate the market, selling off to protect their funds, as they were apprehensive of the prevailing unrest that raised concerns regarding the market’s outlook, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw an 18.51-point decrease to 1902.75, and the DSES index, representing Shariah-based companies, decreased by 11.30 points to 1,166.42.
The market stayed in a red trajectory for most of the session, as sellers remained predominant across the trading floor since investors were wary of the market momentum due to the prevalent downbeat vibe, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 4.5 billion, down 7.82 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 392 issues traded, 27 closed higher, 332 ended lower, and 33 remained unchanged on the DSE trading floor.
Agni Systems Ltd was the most-traded stock with shares worth Tk 275.51 million changing hands, followed by Orion Infusion Ltd, NRB Bank Limited, Square Pharmaceuticals PLC and Gemini Sea Food PLC.
Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 113 points to settle at 15274 and the Selective Categories Index (CSCX) losing 67 points to settle at 9202.
The port city bourse traded 3.8 million shares and mutual fund units with a turnover volume of Tk 208 million.